4 ms·
Geniune question: Instead of printing new money, would it be a good idea for the government to launch a cryptocurrency and raise the money that way? This would
by rokhayakebe 9y ago
Geniune question: Instead of printing new money, would it be a good idea for the government to launch a cryptocurrency and raise the money that way? This would be a gov backed coin. Thoughts.
- knieveltech 9y agoBeyond providing employment for a few folks involved in implementation and systems maintenance, in what way does launching a government-backed cryptocurrency benefit over the existing state-backed currency?
- ohiovr 9y agoProbably not because it puts into question the value of the existing monitary base.
- Zigurd 9y agoA digital cross of gold? No thanks.
- devereaux 9y agoFun thought: they could lock it in value 1 to 1 to the USD, while not making it convertible. They could even call it "tether". It would be almost indistinguishable from the recent situation - except tether is a private company, and the govt does not like competition.